NDRC Slashes Reports on Electricity Price Adjustments

BEIJING, June 22 -- China's National Development and Reform Commission (NDRC), the country's top economic planner, refuted on Monday recent reports online saying China is mulling adjustments of electricity prices, claiming such reports "untrue".

The NDRC said in a statement on its website that recently there were reports online saying the NDRC was studying plans to adjust electricity prices, citing Li Jing, deputy head of the Department of Resource Conservation and Environmental Protection at NDRC. Reports said she has not given the timetable for the plan.

The statement further said she never made such remarks to media and the reports were groundless.

The NDRC began a rise in the price of electricity for non-residential use by 2.8 fen (0.4 cents) per kWh on average nationwide on November 20 last year, with residential electricity prices unchanged.